Bill Gates Seizes Opportunity to Up His Stake in Republic Services

Date: May 2, 2012

Source: News Room

Billionaire Bill Gates, through his investment company Cascade Investment, LLC, picked up more shares of Republic Services. Taking advantage of a lower stock price that was off by about 13 percent following the announcement of lower first quarter earnings, Cascade acquired an additional 3.7 million shares between April 30 and May 2 for an average price of $27.40 per share. The stock had been selling over $30 per share just days earlier. This transaction represents an investment of $101.4 million which brings his total to 68.85 million shares representing an ownership interest of 18.6 percent of the company.

Date: 4/30/2012
Shares Purchased: 1,102,700
Average Price per Share: $27.4046
Range in Price: 27.260 - 27.64

Date: 5/1/12
Shares Purchased: 1,167,700
Average Price per Share: $27.5014
Range in Price: 27.305 - 27.55

Date: 5/2/12
Shares Purchased: 1,431,914
Average Price per Share: $27.3193
Range in Price: 27.175 - 27.44

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